When it comes to planning for your aging mother's medical needs, you may feel hopeless. While her health is fair now, you know that it could change at any moment, and you do not feel ready for it.
Sometimes it is difficult to face a challenging idea early on. For example, it is natural to reject the fact that your aging parents may need care.
Secrets are by definition meant to be kept confidential. Yet, when these secrets involve an individual's assets and the individual dies, these secrets can be cause for concern. While keeping certain information regarding assets secret may be preferred by the deceased, that information should be accessible as part of the Colorado resident's estate planning. As the executor of an estate, one may discover that the deceased did not disclose his or her entire estate in the will or other estate planning documents. This can leave the executor struggling to piece together information so as to properly account for and dispose of assets.
Approaching the latter part of one's life is not a particularly pleasant thing to consider, but it is important to determine certain aspects in advance. This can include how assets will be left to beneficiaries under a will, or how one wants his or her end of life medical care managed with durable powers of attorney. One point many people here in Colorado and around the country fail to think of is how to pay for long-term care. Allocating certain finances to cover the cost of a nursing home or other facility is an essential part of life care planning.
It seems as if there is an app for everything these days. You may not think an estate planning app exists, but it does. There is a new app that aims to help people create wills, trusts and other estate planning documents.
Having certain legal and financial protections in place are important for everyone, yet there are some who refuse to consider what they may need in the future or what loved ones may need. Estate planning is a smart way to provide assets and money and ensure they go where a person wants them to go after his or her death. Colorado children and heirs may wonder what they can do when a parent or other loved one refuses to consider estate planning needs.